Question: Please help me with this question. Required information [The following information applies to the questions displayed below. Summary information from the financial statements of two

Please help me with this question.

Please help me with this question. Required information [The following information applies

to the questions displayed below. Summary information from the financial statements of

two companies competing in the same industry follows Barco Company Company Kyan

Barco Kyan Company Company Data from the current year-end balance sheets Assets

Cash Accounts receivable, net Current notes receivable (trade) Merchandise inventory Prepaid expenses

Plant assets, net Total assets Data from the current year's income statementSales $770,000 $901,200 595,100 636,500 8,000 19,000 14,800 24,879 152,100 220,821 89

3.97 19,000 30,000 Cost of goods sold 35,400 52,400 Interest expense 10,000

Required information [The following information applies to the questions displayed below. Summary information from the financial statements of two companies competing in the same industry follows Barco Company Company Kyan Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash Accounts receivable, net Current notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net Total assets Data from the current year's income statement Sales $770,000 $901,200 595,100 636,500 8,000 19,000 14,800 24,879 152,100 220,821 89 3.97 19,000 30,000 Cost of goods sold 35,400 52,400 Interest expense 10,000 84,740 134,500 Net income 370 6003 800 370,000 308,400 Cash dividends per share 7,800 Income tax expense 5,600 7,050 Basic earnings per share 3.62 3.76 $524,740 $540,150 Beginning-of-year balance sheet data Accounts receivable, net Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $31,800 50,200 62,340 98,300 Current notes receivable (trade) 86,800 117,000 Merchandise inventory 210,000 226,000 Total assets 165.600 98,850 Common stock, $5 par value 63,600 111,400 428,000 392,500 210,000 226,000 171,420 57,473 524,740 $540,150 Retained earnings Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts (including notes) receivable turnover, (a) inventory turnover, (e) days' sales in inventory, and () days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be better short-term credit risk

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